MCV/DEVELOP News, events, research and jobs from the games industry
Talk of an imminent buyout of Rockstar owner Take-Two has gained more weight with news that American billionaire Carl Icahn has purchased over a million additional shares in the publisher over the past three days. The new purchases mean he currently owns just over 12 per cent of the company. …
Read More »Annual Take Two losses hit $137.9m
North American publisher Take Two has reported losses of $137.9m for its fiscal year ending October 31st. This compares to a net income of $97.1m last year. Revenue for the year hit $968.5m, which is down from $1.5bn year-on-year. 2008’s numbers were far higher thanks to the release of next-gen …
Read More »Take Two not expecting profit this year
Though the title means little to consumers on this side of the Atlantic, the disappointing performance of 2K Sports’ Major League Baseball has lead to parent company Take Two cutting its profit forecast for the current financial year. The publisher now expects full year revenue of $950-975m for the year …
Read More »Sony spends big on Take That
Sony is to spend a whopping 1.5 million in the UK to ensure SingStar: Take That becomes the biggest karaoke game of the year, MCV can reveal. The title – which was released last Friday for PS3 and PS2 – will enjoy extensive TV, print and online advertising, supported by …
Read More »Take-Two working with Natal
Natal dev kits are installed across Take-Two’s entire fleet of subsidiary studios, according to the publisher’s CEO. Take-Two chief Ben Feder confirmed in last night’s financial call that numerous studios are working with Microsoft’s new interface. Obviously can’t comment on games that we haven’t announced but those [Natal] dev kits …
Read More »Grand Theft Auto V off the radar
Those hoping for some news about Rockstar’s plans for the inevitable Grand Theft Auto V will find no solace in Take-Two’s recent financial statement, with chairman Strauss Zelnick stating in quite emphatic terms that the game is still a long way off. We’re not going to announce it,” he proclaimed …
Read More »Paul Eibeler joins SouthPeak
In a move that will no doubt increase its global credibility in the publishing sector, Virginia-based publisher SouthPeak has welcomed former Take-Two president and CEO Paul Eibeler onto its board of directors. As one of the most respected executives in the interactive games industry, we welcome Paul to the board …
Read More »BioShock 2 dated, new Red Dead delayed
There’s both and bad news for gaming enthusiasts in Take 2’s recent financials – a ‘tentative’ date for the highly anticipated BioShock 2 will excite many, but a delay to ‘Wild West GTA’ title Red Dead Redemption will disappoint. Many outlets are citing October 30th as the European release date …
Read More »2K plots ‘spectacular’ marketing push for BioShock 2
BioShock 2 is on course to be one of the biggest games of the year and will be backed by 2K’s biggest marketing campaign yet. The sequel to the 2007 smash hit will go head-to-head with big name sequels such as Modern Warfare 2, Mario and Sonic and Assassin’s Creed …
Read More »Zelnick: Were not satisfied with losses
Strauss Zelnick, the chairman of US publisher Take 2, has stated that whilst pleased that the publisher’s latest financial results were better than expected , he was not pleased to see losses on the up in Q1. Take 2’s first quarter results were somewhat better than the initial guidance we …
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